The accuracy in Greece so much this year as well as the 2026as, according to the official Eurosystem forecasts, the inflation in our country will continue to deviates upwards compared to her Eurozone.

In the latest inflation monitoring report released today by the Bank of Greece, it is noted that (harmonized) inflation in Greece is expected to reacted this year to 3.1% (from 3.7% that was in July) and in 2.6% in 2026, compared to 2.1% and 1.7% respectively to Eurozone. As emphasized, this important revision on inflation in Greece is attributed to the unexpected increase in the individual price index in food and services.

It is recalled that the harmonized consumer price index in Greece in August has retreated to 3.1% from 3.7% in Julyas all the individual indicators moved down. At the same time, structural inflation fell to 3.9% from 4.3% respectively. However, as the Bank of Greece points out, “The differences in inflation, both in overall and in structural inflation, between Greece and the eurozone, even though they have declined significantly in August; remain important“

It is noted that in the eurozone the inflation August increased marginally to 2.1% from 2% in the previous month. The marginal increase in inflation of non -processed foods combined with the less negative inflation of energy was partially offset by the reduction of inflation of processed foods and services. Thus, so -called structural inflation (ie the consumer price index without energy and food) remained unchanged at 2.3% for a fourth consecutive month.

Market expectations for the inflation (in the eurozone) in the medium term horizon demonstrate that will remain firmly below the 2% limit. Developments on the inflation front have contributed to the reduction of interest rates by the European Central Bank. It is recalled that the ECB has, so far in 2025, reduced interest rates by 100 basis points (1%). Markets do not expect any changes to the ECB’s interest rates in October and December 2025 (with a probability of about 90% and 80% respectively), while two months ago, interest rates were expected by 25 basis points in December 2025 with 68%.

In the long run over the horizon, markets yield somewhat highest probability (about 60%) to remain the interest rates despite to decrease by 25 basis points by mid -2026.